🔮 LTC/USDT: The Long & Short of It!
Litecoin is giving us mixed signals, making both short-term and long-term views fascinating!
Short-Term Play (The Next 7 Days): Right now, LTC is stuck in a crucial range, oscillating around the $100 mark. The chart shows a recent 13.07% surge over the last week, but the price is facing resistance near the 7-day Moving Average (MA(7) at ~$102.96). For a short-term breakout (a LONG), we need a solid close above $104.32. Otherwise, a retest of the MA(25) near $96.79 (a potential SHORT entry) is very likely. It’s a tight, volatile zone—trade with caution!
Long-Term View (The Next 90 Days): Despite the current chop, the long-term potential remains strong. After a -17.25% correction over the last 90 days, LTC is showing signs of building a base. The previous low around $52.71 saw strong buying pressure, indicating long-term holders are accumulating. If the overall market stays healthy, holding above the $90 level could set the stage for a push towards the multi-month resistance around $135.99 in the coming months.
Are you a patient HODLer or a quick-fingered day trader? Let me know! 👇
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